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For more information, see the instructions for Form 540, line 76, and get form FTB 3514. You may qualify for the credit if you qualified for the CA EITC and you have at least one qualifying child who is younger than six years old as of the last day of the taxable year. Young Child Tax Credit (YCTC) – YCTC reduces your California tax obligation, or allows a refund if no California tax is due.For more information go to ftb.ca.gov and search for EITC or get form FTB 3514, California Earned Income Tax Credit. You may qualify if you have wage income earned in California and/or net earnings from self‑employment of less than $30,001. California Earned Income Tax Credit (EITC) – EITC reduces your California tax obligation, or allows a refund if no California tax is due.Go to the IRS website at irs.gov/taxtopics and choose topic 601, see the federal income tax booklet, or go to irs.gov and search for eitc assistant. You may qualify if you earned less than $50,162 ($55,952 if married filing jointly) and have qualifying children or you have no qualifying children and you earned less than $15,570 ($21,370 if married filing jointly). Federal Earned Income Tax Credit (EIC) – EIC reduces your federal tax obligation, or allows a refund if no federal tax is due.See Form 540-ES instructions for more information.

However, if you do not pay enough tax either through withholding or by making estimated tax payments, you may have an underpayment penalty. Also, you do not have to make estimated tax payments if you will pay enough through withholding to keep the amount you owe with your tax return under $500 ($250 if married/registered domestic partner (RDP) filing separately). Generally, you do not have to make estimated tax payments if the total of your California withholdings is 90% of your required annual payment. The dates for 2020 estimated tax payments. Last day to file or e-file your 2019 tax return to avoid a late filing penalty and interest computed from the original due date of April 15, 2020. * If you are living or traveling outside the United States on April 15, 2020, the dates for filing your tax return and paying your tax are different. Last day to file and pay the 2019 amount you owe to avoid penalties and interest.* See form FTB 3519 for more information. FTB 3514, California Earned Income Tax Credit.FTB 3506, Child and Dependent Care Expenses Credit.Form 540-ES, Estimated Tax for Individuals.FTB 3519, Payment for Automatic Extension for Individuals.Schedule D (540), California Capital Gain or Loss Adjustment.Schedule CA (540), California Adjustments - Residents.